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Those happy few inclined to trade on the final full day in the stock market
before Christmas were last-minute-shopping for shares in ARM Holdings.

They ran 42p higher to £11.10, back within a whisker of their £11.11 May
record, as investors anticipated bumper sales for the £15.3 billion
Cambridge microchip company.

Already, more than 99 per cent of the world’s smartphones use ARM’s designs,
including iPhones. Yesterday, Apple finally signed off on a long-awaited
deal with China Mobile, opening the door to one of the world’s
fastest-growing markets.